
UnitedHealth Group UNH.N stock climbing 0.6% on Mon after new CEO Steve Hemsley vowed to regain shareholder trust following recent earnings shortfall
Hemsley replaced Andrew Witty in May after co's first earnings miss since 2008; suspended earnings outlook due to higher-than-expected costs in Medicare Advantage unit
Co plans to factor higher care costs into private insurance and next year's Medicare Advantage plans; reviewing practices across businesses
UNH stock down about 40% YTD, underperforming S&P 500 .SPX, which is flat
Stock recently traded at 12x expected earnings, suggesting undervaluation vs avg forward PE of 19 over past five years
UNH stock approx 52% below 52-week intraday high of $630.45 reached on Nov. 11, 2024